Apple And Hertz Working Together On Self-Driving Cars

(RTTNews) - Apple and Hertz Global Holdings Inc. will work hand in hand to develop self driving vehicles.

Bloomberg reported that Apple will hand over six Lexus SUVs to Hertz subsidiary Donlen fleet management unit for software testing. The leasing agreement between Apple and Hertz for a small fleet of vehicles was revealed by the California Department of Motor vehicles. The document listed Donlen as the lessor and Apple as the lessee.

Earlier Apple CEO Tim Cook has said that autonomous cars are the "mother of all AI projects."

Hertz shares have been on a climb since Monday. It spiked to nearly $11 and currently trading at $10.73.

In another development Alphabet's self driving car unit Waymo and Avis have partnered for 600 vehicles. The rental car firm is expected to manage Chrysler pacifica minivans. They may be testing the vehicles with public volunteers.